A company has the following information available about one of its products:

Standard price per pound of input?

Actual price per pound of input$27

Standard inputs per unit of output3 pounds

Actual units of output3,000

Direct Materials Price Variance$18,000 F

Actual pounds of input used9,000

What is the standard price per pound of input?

A) $25

B) $27

C) $29

D) $33